Pattern - page 3

[razasia]

newdigital:
Pattern indicators.

Have any update of these pattern identification indicators ?

[Sergey Golubev]

FivePattern - indicator for MetaTrader 5

Forum on trading, automated trading systems and testing trading strategies

Indicators: FivePattern

Sergey Golubev, 2014.06.25 18:33

Why false breakout? Look at the image (this is Merrill's patterns for downtrend):

 

and look at GBPUSD M1 chart for now:

 

So, the pattern on GBPUSD chart is same as M3 Merrill, right? And the evolution of this M3 pattern was on the following way: M8 - M4 - M3. That is why it was false breakout.

 

Forum on trading, automated trading systems and testing trading strategies

Market Condition Evaluation based on standard indicators in Metatrader 5

Sergey Golubev, 2013.01.31 16:51

Merrill's patterns for uptrend:

 

 

and it looks like W10 with evolution as W4 - W5 - W10:

 

 

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Creating an Algo based on pattern/candlestick recognition

Sergey Golubev, 2024.08.17 07:27

Pattern Recognition Using Dynamic Time Warping in MQL5

Pattern recognition has always been a valuable tool for traders. Whether it's identifying unique combinations of candlesticks or drawing imaginary lines on a chart, these patterns have become an integral part of technical analysis. Humans have always excelled at finding and recognizing patterns—so much so that it is often said we sometimes see patterns where there are none. Therefore, it would benefit us to apply more objective techniques when identifying potentially profitable patterns in financial time series. In this article, we discuss the application of Dynamic Time Warping (DTW) as an objective technique for finding unique patterns in price data. We will explore its origins, how it works, and its application to financial time series analysis. Additionally, we will present the implementation of the algorithm in pure MQL5 and demonstrate its use through a practical example.

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

MetaTrader 5 Python User Group - the summary

Sergey Golubev, 2025.04.15 15:26

Feature Engineering With Python And MQL5 (Part IV): Candlestick Pattern Recognition With UMAP Regression

Candlestick patterns are widely used across many different trading strategies and styles by most algorithmic traders in our community. However, our understanding of these patterns is limited to the candlesticks that we have uncovered, while in truth there may be many other profitable candlestick patterns we are simply not aware of yet. Due to the wealth of information covering most modern markets, it is materially challenging for traders to be confident that they are always using the most reliable candlestick patterns available to them in their chosen market.

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Something Interesting

Sergey Golubev, 2026.05.13 02:34

Encoding Candlestick Patterns (Part 1): An Alphabetical System for Signal Detection

While candlestick encoding improves objectivity in signal generation, trading success still depends on broader components such as risk-to-reward ratio, position sizing, capital preservation, and disciplined money management. The encoding system presented here is therefore not intended to replace trading strategy design, but rather to provide a reliable and reproducible foundation upon which robust analytical and automated trading systems can be built.